Series A Preferred Liquidation Preference Amount definition
Examples of Series A Preferred Liquidation Preference Amount in a sentence
The Series A Preferred Liquidation Preference Amount shall be subject to adjustment in the event of any stock split, combination, reorganization, recapitalization, reclassification or other similar event involving a change affecting the Series A Preferred Stock.
Anything contained in this SECTION 5.3 to the contrary notwithstanding, each holder of Series A Preferred Stock shall have the right to convert all or any part of the shares of Series A Preferred Stock held by such holder into shares of Class A Common Stock pursuant to SECTION 5.3(c)(i) in lieu of receiving the Series A Preferred Liquidation Preference Amount in connection with any Liquidation Event.
Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall be not more than 15 calendar days and not less than 10 calendar days prior to the date of the proposed payment, and not less than 10 calendar days after the receipt by the Trustee of the notice of the proposed payment (unless the Trustee shall consent to an earlier date).
In the event of a Liquidation Event resulting in the availability of assets other than cash for distribution to the holders of the Series A Preferred Stock, the holders of the Series A Preferred Stock shall be entitled to a distribution of cash and/or assets equal in value to the Series A Preferred Liquidation Preference Amount and other distribution rights stated in Section 4(a).
If upon the consummation of any Liquidation Event the proceeds of such Liquidation Event are insufficient to pay the holders of Series A Preferred Stock the full Series A Preferred Liquidation Preference Amount, the holders of Series A Preferred Stock shall share ratably in any distribution of proceeds based upon the number of shares of Series A Preferred Stock held by each such holder.
Prior to any Transfer of any shares of Series A Preferred Stock pursuant to Section 3.1(a), the Original Holders shall offer the Company in writing (the "First Refusal Offer") the right to purchase the shares of Series A Preferred Stock proposed to be Transferred (the "Transfer Shares"), on the same terms other than price which shall be at the Series A Preferred Liquidation Preference Amount (as defined in the Certificate of Designations) as the Transfer Shares.